The average home mortgage interest rate now tops 7%, the highest in 20+ years
Sales of existing homes fell more than 2% in July, as rising mortgage rates kept many would-be buyers and sellers on the sidelines.
Economy
Borrowers can now apply for new, income-based student loan repayment
More than 20 million borrowers are eligible under the new repayment plan, and many will see lower payments.
I'm a new dad. Here's why I'm taking more parental leave than my wife.
More than 70 percent of American fathers return to work less than two weeks after having a baby. Here is why I'm not one of them.
Mortgage rates are at a record high. Here's what that means for home buying
Rates for a fixed, 30-year mortgage jumped to the highest rate seen in over 20 years - over seven percent. We'll look at what this means for prospective homebuyers, and the housing market in general.
Having filed for bankruptcy, Yellow plans to break itself up and sell itself off
Yellow stunned the trucking industry when it filed for bankruptcy this month. A specific type of loan, the debtor in possession financing, promises some rich returns to the lender in this case.
Mortgage rates just hit their highest since 2002
The average cost of a 30-year fixed-rate mortgage jumped to 7.09% this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.
Russia is trying to recover from currency dip by hiking interest rates
Russia has increased interest rates to try to stabilize the country's currency. But it doesn't mean it's running out of money to pay for the war in Ukraine.
A look at this summer's surprising home building boom
Builders broke ground on almost 7% more single-family homes in July than in June. New houses are selling quickly, despite high mortgage rates, because of a shortage of existing homes on the market.
Vegas voters' inflation concerns
It's the anniversary of the Inflation Reduction Act. Voters in Nevada — a key swing state — say inflation is still very much their top issue.
China's economic woes keep getting worse. Here's why
China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.